Premium Cosmetics Market - Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018 - 2025

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Premium Cosmetics Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Premium Cosmetics Market Overview
Premium cosmetics are manufactured by utilizing
certain specialty ingredients. These cosmetics
are usually accompanied with some value addition
such as organic ingredients including essential
oils, plant extracts, microalgae, and pearl
extracts. These products usually cost higher than
other ingredients and thus are responsible for
the high price of premium cosmetics. Premium
products are made using organic ingredients such
as essential oils, plant extracts, microalgae,
and pearl extracts, which usually cost higher
than other ingredients. Increasing beauty
consciousness among the populace in emerging
economies is boosting growth of the premium
cosmetics market. Increasing inclination of males
towards overall body care coupled with social
trends related to beauty and cosmetics, is also
fueling market growth. According to Coherent
Market Insights, the mens grooming products
sector is expected to witness significant growth,
exhibiting a CAGR of 8.91 over 2018 and 2025. A
major challenges faced by the premium cosmetics
market include strict regulations regarding
chemical ingredients used in premium
cosmetics. Among distribution channels, the
online segment is expected to garner significant
traction over the forecast period. Growing online
retail around the world is responsible for growth
of this segment. According to India Brand Equity
Foundation Report (IBEF), in 2016, over 62 of
young consumers in major economies prefer online
stores for buying beauty grooming products.
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REPORT DESCRIPTION

• Global Premium Cosmetics Market Market
  Taxonomy
• On the basis of distribution channel
• Hypermarket
• Supermarket
• Specialty Stores
• Online
• Others
• On the basis of product type
• Skin Care
• Make-up
• Hair Care
• Hygiene Products
• Fragrances
• Multifunctional
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REPORT DESCRIPTION
Global Premium Cosmetics Market Outlook North
America is expected to account for the largest
market share in the global premium cosmetics
market during the forecast period (2018-2025).
The market in the region is supported by
stringent regulations imposed on the use of
harmful chemicals in cosmetics. For instance,
various regulatory bodies such as United States
Department of Agriculture (USDA) and Food and
Drug Administration (FDA) are restricting the use
of harmful chemicals in cosmetic products. For
example, chemicals such as formaldehyde and
hydroquinone which are banned in few countries
around the world. In Asia Pacific, a thriving
retail sector will boost the market for premium
cosmetics. According to Indian and Chinese
government sources, the retail sector in India
and China was valued at US 950 billion and US
11 trillion, respectively in 2017. Furthermore,
growing urbanization in emerging economies in the
region is expected to boost the market for
premium cosmetics in the region. According to
LOreal, China recorded US 77 spending per
capita per person on cosmetics in 2016 with US
71 by consumers aged 1418 years and US 85 by
consumers aged 1924 years. To Get Discount on
this Report https//www.coherentmarketinsights.co
m/insight/request-discount/1447
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